Urban-gro’s revenues, losses sprout in second quarter

LAFAYETTE — Indoor cannabis agriculture engineering and dispensary design firm Urban-gro Inc. (Nasdaq: UGRO), saw both its sales and net loss grow in the second quarter of 2023.

The company posted a net loss of $5.4 million on sales of $18.8 million in the most-recent period. That’s compared with a loss of $1.7 million on sales of $16.3 million in the same period last year. 

“Our second quarter performance marked another sequential improvement in revenues and Adjusted EBITDA, and as we anticipated, our cash position improved relative to the first quarter. We remain intensely focused on returning to positive Adjusted EBITDA, and…